View Full Version : Gold-plated Tungsten Bars Scandal is About to Erupt

12-13-2009, 09:36 PM
The IMF sold Gold plated tungsten bars to India ?
Gold-plated Tungsten Bars Scandal is About to Erupt

it looks that a big part of Gold bars in Banks vaults are in fact tugsten plated gold , the scandal is just starting to leak and it could cause the burst of the Gold bubble ,


if the general public starts losing faith in the gold not being able to spot the real from the fake cause it wouldn't be too difficult to make convincing fake gold bars out of gold-plated tungsten (which costs $30 a pound compared to $12,000 a pound for gold).


12-13-2009, 09:56 PM
I'm gonna need a LOT better source before I buy that.

12-13-2009, 10:00 PM
I'm sure there is always going to be some counterfeiting but this can't be that big.

12-14-2009, 12:08 AM
Tungsten doesn't look like gold. Yeah, the weight it there but if it is a thin plate of gold over it you could tell easily.

I find it hard to believe that there was any serious amount of gold sold by one nation to another that was counterfeit.

And India has been gold mad for 100s of years. They know gold and they bought it to be converted into jewelry. Wealthy Indian women walk around wearing their wealth in the form of bangles. I should know. My wife is from the Seychelles and they have the same culture and I've had to pay for it.

Which is cool since I bought most of it back under $300 an ounce :D

12-14-2009, 01:57 AM
No proof is offered in this video. So, I think it is a bunch of bunk. Plus, gold is up by $10 on the after hours market.